The company, reporting its first earnings since completing its $48 billion acquisition of satellite TV operator DirecTV in July, raised its adjusted earnings forecast to $2.74 per share from $2.
But the Indianapolis drugmaker has refused to consider merging with another large drugmaker, saying its own pipeline of experimental drugs would restore earnings growth by 2015.45 per share this year, excluding special items, from its earlier view of $3.
O) reported a 12 percent jump in quarterly profit, helped by the acquisition of data analytics firm Dorsey Wright and higher equity trading volumes.Net income attributable to Nasdaq was $138 million, or 80 cents per diluted share in the third-quarter ended Sept.
ZURICH (Reuters) - Swiss bank Credit Suisse CSGN.VX on Wednesday posted a bigger-than-expected drop in third-quarter net profit by 24 percent.
DETROIT (Reuters) - Consumer Reports said it would no longer recommend Tesla’s Model S sedan due to reliability concerns, in a blow to the luxury electric-powered car initially awarded the highest-ever score in the U.The decision, based on the influential publication’s annual survey of vehicle reliability, sent shares of Tesla Motors Inc (TSLA.
N) on Tuesday posted lower quarterly earnings, reduced profit guidance and said it planned to eliminate jobs, sending the company’s shares to a two-year low.The company’s shares plummeted nearly 15 percent to their lowest since June 2013, as its earnings fell below analysts’ forecasts.
The “other” category also was the only type of non-interest expense to increase compared with a year ago, BNY Mellon said.30, BNY Mellon said profit fell 23 percent from the year-ago period, which included one-time gains, but topped estimates.
O) reported lower-than-expected quarterly revenue, hurt by a strong dollar and lower sales of its games and toys for girls.O) have seen declining sales of toys for girls as children increasingly opt for gadgets and tablets.
N) declined to provide details about the medical condition of its new chief executive officer on Sunday, days after the airline said Oscar Munoz was admitted to the hospital and a person familiar with his health said he suffered a heart attack.The 56-year-old’s health problems come barely a month after Munoz took on the job of improving the profitability and reputation of United, the No.
ZURICH/LONDON (Reuters) - When Tidjane Thiam unveils his plans for Credit Suisse on Wednesday the Swiss bank’s new chief executive will likely rest his case on three Cs: capital, cuts and charm.Expectations remain high for Thiam after news of his appointment in March sent the bank’s shares soaring almost 8 percent.
FRANKFURT (Reuters) - Former Volkswagen (VOWG_p.DE) chief executive Martin Winterkorn is stepping down as head of Porsche Automobil Holding SE (PSHG_p.
BEIJING (Reuters) - China will aim to have the capacity to make 30 million autos a year by 2020, according to an industry association, a figure that is lower than analysts’ estimates of its current annual production capacity.The speech does not specify whether the 30 million refers to passenger cars or the overall auto market, but consultancy IHS estimates China will produce 23.
VX, the world’s biggest maker of packaged foods, has warned that yearly sales growth would fall short of its long-term target this year due to weak sales in Asia, raising concerns over its position in major emerging markets.But Nestle faces specific problems in Asia’s largest markets, China and India.
Europe’s biggest carmaker said Hohmann-Dennhardt, who has held the same position at German rival Daimler (DAIGn.Before joining Daimler, Hohmann-Dennhardt, 65, was a judge of the federal constitutional court.
NEW YORK (Reuters) - Oil prices rose nearly 2 percent on Friday as traders covered short positions after four days of sharp losses, and the U.“The reality of the global oversupply came in the forefront for most of the week giving back a major portion of last week’s gains,” said Energy Management Institute analyst Dominick Chirichella.
NEW YORK (Reuters) - Wall Street is forever on the lookout for ever more exotic indicators of impending doom for the stock market, and the latest measure to catch eyeballs is the CBOE Skew index.The SKEW index hit an all-time high of 148.
ZURICH (Reuters) - Swiss private bank Julius Baer said on Thursday media reports about its involvement with world soccer body FIFA were incorrect.It was responding to an advance summary of a report on Wednesday by the Handelszeitung paper which formed the basis of a number of news stories.
stock market that is still down 2 percent for the year have taken their toll on corporate America’s pension plans.Private pensions added nearly $50 billion in so-called “other” assets, which pension consultants say could include hedge funds and private equity.
BEIJING (Reuters) - China’s foreign exchange market will soon extend trading hours for the yuan to 11.EDT to overlap with European trading hours, three sources with direct knowledge of the matter said on Wednesday.
subscriber additions below its own forecast, blaming an ongoing transition to chip-based cards for the miss.88 million U.